Principal Spectrum Preferred Etf Probability Of Bankruptcy
| PREF Etf | USD 18.72 0.01 0.05% |
Principal |
Principal Spectrum Preferred ETF chance of financial distress Analysis
Principal Spectrum's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Principal Spectrum Probability Of Bankruptcy | Less than 9% |
Most of Principal Spectrum's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Principal Spectrum Preferred is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Principal Spectrum probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Principal Spectrum odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Principal Spectrum Preferred financial health.
The market value of Principal Spectrum is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Spectrum's value that differs from its market value or its book value, called intrinsic value, which is Principal Spectrum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Spectrum's market value can be influenced by many factors that don't directly affect Principal Spectrum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Spectrum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Spectrum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Spectrum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Principal Spectrum Preferred has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Principal Funds family and significantly higher than that of the Preferred Stock category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
Principal Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Principal Spectrum's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Principal Spectrum could also be used in its relative valuation, which is a method of valuing Principal Spectrum by comparing valuation metrics of similar companies.Principal Spectrum is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
Principal Fundamentals
| Number Of Employees | 550 | |||
| Beta | 0.73 | |||
| Total Asset | 334.29 M | |||
| One Year Return | 15.60 % | |||
| Three Year Return | 1.70 % | |||
| Five Year Return | 3.10 % | |||
| Net Asset | 334.29 M | |||
| Last Dividend Paid | 0.41 | |||
| Bond Positions Weight | 15.55 % |
About Principal Spectrum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Principal Spectrum Preferred's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Principal Spectrum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Principal Spectrum Preferred based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Currently Active Assets on Macroaxis
When determining whether Principal Spectrum is a strong investment it is important to analyze Principal Spectrum's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Principal Spectrum's future performance. For an informed investment choice regarding Principal Etf, refer to the following important reports:Check out Principal Spectrum Piotroski F Score and Principal Spectrum Altman Z Score analysis. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of Principal Spectrum is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Spectrum's value that differs from its market value or its book value, called intrinsic value, which is Principal Spectrum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Spectrum's market value can be influenced by many factors that don't directly affect Principal Spectrum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Spectrum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Spectrum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Spectrum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.